A recent article in Training Industry explains that executive education is in the top five priorities for senior leaders, above even financial management and strategy development and execution.
In the piece, The Ivey Academy's Mark Healy remarks that many organizations will be facing succession challenges within the next five years.
"Executive education is a really great way to translate strategy into action, because while leaders are learning new skills, they can also develop the organization’s strategic plan as a learning project," said Healy.
In addition, Healy believes leadership development should provide ample opportunities for practice and action. “We are in the behavior change business, not in the knowledge transfer business. The only way you’re going to really drive behavior change is through action and practice. Case studies, simulations, role-plays and other types of experiential learning enable leaders to practice the skills they’ll be using back on the job," added Healy.